First Quarter 2011 Review May 4, 2011 PPT 208 Q1 2011 Review
PPT 208 Q1 2011 Review Management Participants Doug Miller Chairman and CEO Steve Smith President and CFO Hal Hickey Vice President and COO Paul Rudnicki Vice President EXCO Resources, Inc. 2
PPT 208 Q1 2011 Review Introduction Strong volumes for both upstream & midstream Production back to levels prior to asset sales and JV transactions Midstream volumes up 20% from Q4 2010 Continue to deliver results in our two…
Results and Corporate Highlights Steve Smith PPT 208 Q1 2011 Review
PPT 208 Q1 2011 Review Corporate Highlights Q1 2011 Actuals Q4 2010 Actuals % (in thousands, except per share and production) Amount Per Share(3) Amount Per Share(3) Change Oil and natural gas revenues 161,228 134,898 20% Cash…
PPT 208 Q1 2011 Review Cash Margin Analysis Unit costs improving as a result of shale development (per Mcfe) Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 2011 E Oil and natural gas revenues 5.51 4.46 4.44 4.19 4.40 4.60 Operating Costs…
PPT 208 Q1 2011 Review Production and Debt Profile Increasing production while managing balance sheet 700 3,500 600 3,000 Net Debt Outstanding - MM 500 2,500 Net Production - Mmcfe/d 400 2,000 300 1,500 200…
Financial Review Paul Rudnicki PPT 208 Q1 2011 Review
PPT 208 Q1 2011 Review Liquidity and Financial Position Pro Forma in thousands 3/31/2011 4/28/2011 4/28/2011(5) Cash(1) 159,120 274,904 274,904 Bank debt (LIBOR + 1.5% to 2.5%) 589,000 929,000 816,500 Senior notes due 2018…
PPT 208 Q1 2011 Review Derivative Position Annual NYMEX Contract Contract Contract % of natural gas price per NYMEX oil price per Equivalent price per Production Mmcf Mcf Bbls Bbl Mmcfe Equivalent Hedged(1) Q2 2011 23,495…
PPT 208 Q1 2011 Review Capital Forecast Apr Dec Total 2011 ( in millions) Q1 Actuals 2011 Forecast Forecast Development capital expenditures 198 632 830 (1) Leasing 25 34 59 Seismic 4 6 10 Water pipelines & gas gathering 1…
PPT 208 Q1 2011 Review First Quarter 2011 Guidance vs. Actuals First Quarter 2011 Guidance: Guidance: (dollars in thousands, except per unit amounts) Low High Actual Production: Oil - Mbbls 203 211 193 Gas - Mmcf 34,332…
PPT 208 Q1 2011 Review Quarterly 2011 Guidance Forecasting production growth in excess of 60% for 2011 Q1 2011 Q2 2011E Q3 2011E Q4 2011E 2011E (dollars in thousands, except per unit amounts) Actual Low High Low High Low High Low…
Operational Review Hal Hickey PPT 208 Q1 2011 Review
PPT 208 Q1 2011 Review Premier Asset Base Focused on Shale Resources Production is rapidly increasing Asset and Production Snapshot Q1 2011 Net Production = 408 Mmcfe/d Pennsylvania Current Production(1) = 483 Mmcfe/d West…
PPT 208 Q1 2011 Review Haynesville/Bossier Acreage & Activity Summary We operate 80% of our value 76,000 net Haynesville acres with significant held by production position Optimizing drilling and completion methods to reduce…
PPT 208 Q1 2011 Review Marcellus Acreage & Activity Summary 140,000 net acres with Marcellus shale potential Central Development Area Recent results: Five wells completed with IPs of 2.1 to 10.6 Mmcf/d from lateral lengths…
PPT 208 Q1 2011 Review Control of Midstream Allows Timely Well Hook-Ups and Market Access Current TGGT midstream throughput of approximately 1.4 Bcf/d TGGT System Appalachia Infrastructure Holly Mid Cycle Focus on well…
Loading...
